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Luxoft Opens 20th Global Office in Sofia, Bulgaria

TORTOLA, British Virgin Islands & SOFIA, Bulgaria --(Business Wire)--

Luxoft Holding, Inc (NYSE:LXFT), a leading provider of software
development services and innovative IT solutions to a global client
base, today announced the launch of its new delivery centre in Sofia,
Bulgaria.

"Demand for Luxoft's engineering services and domain expertise has been
steadily increasing. Thus, the current pipeline has prompted us to
expand our core presence in Central and Eastern Europe and to continue
growing our global delivery model. I am pleased to announce that we have
added Sofia, Bulgaria to the list of locations from which we service our
clients," said Dmitry Kushnir, VP Global Delivery Locations at Luxoft.
"We have conducted extensive analysis with respect to this expansion to
ensure the new geography is in the best interest of our clients and
complementary to our existing delivery center ecosystem. We believe
Bulgaria is a very good fit and Sofia, in particular, has a wealth of
technical talent."

Luxoft is currently present in 13 countries around the world, and this
new centre becomes its 20th global location.The Sofia office
will initially focus on delivering services and solutions for Luxoft's
market-leading financial services clients, with the introduction of
clients from other verticals in the near future. Luxoft plans for
this location to be fully operational by March 1 and expects to grow its
office by 400 employees within the first two years.

Sofia has already proved itself as a viable IT destination. Leading
global players, such as HP, SAP (News - Alert), VM Ware and Software AG have
established their operations in the city. Among many positives this new
location brings into Luxoft's global dedicated delivery model are access
to a vast talent pool of about 30,000 seasoned IT professionals and over
3,000 graduates per annum, attractive tax regime, robust
infrastructure, convenient location, European Union legislation and
security environment. Luxoft believes all of these factors will enhance
the value it brings to its clients as well as solidify its delivery
network in CEE and globally.

About Luxoft

Luxoft is a leading provider of software development services and
innovative IT solutions to a global client base consisting primarily of
large multinational corporations. Luxoft's software development services
consist of core and mission critical custom software development and
support, product engineering and testing, and technology consulting.
Luxoft's solutions are based on its proprietary products and platforms
that directly impact its clients' business outcomes and efficiently
deliver continuous innovation. The company's core resources are located
in Central and Eastern Europe. Luxoft has 15 delivery centers
world-wide, 20 offices and presence in 13 countries, employing over 7200
people as of the last public filing. Luxoft has principal executive
office in Zug, Switzerland and is listed on New York Stock Exchange
(LXFT US). For more information, please visit www.luxoft.com.